First REIT: 3Q2010 results reported. Distributable income rose 2.5% to S$5.4 million, and will issue a DPU of 1.94 cents for this period, a 2.1% increase compared to 3Q09. Based on its annualised DPU of 7.70 Singapore cents and the closing price of S$0.95 on 20 October 2010, First REIT achieved a distribution yield of 8.1%...
..Gross revenue increased 4.6% to S$7.9 million while net property income rose by 3.7% to S$7.8 million. The reason for increase was due to higher rental income from Indonesian properties. The closing date for distribution is on 1 Nov and the actual distribution date will be on 29 Nov.
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